Chicago Metropolitan Agency for Planning Policy Brief December 2025
Chicago Skyway leased under 99-year concession
Trusted by teams at
Description
The City of Chicago entered a 99-year concession agreement with Skyway Concession Company for the Chicago Skyway toll bridge, receiving a $1.83 billion upfront payment in exchange for the private operator collecting toll revenues and handling operations and some capital improvements. Ownership of the bridge remains with the city while private partners manage day-to-day performance.
Contract Details
Contract Amount
$1.83 billion upfront payment
Vendor
SKYWAY CONCESSION COMPANY
Agency
Chicago Metropolitan Agency for Planning, IL
Contract Type
TRANSPORTATION
Document Date
December 1, 2025
Contract Term
99-year concession agreement (executed 2005)
Renewal Date
2104-12-31
Renewal Info
Long-term concession scheduled to run for 99 years from 2005; no renewal rights referenced beyond the existing term.
More from SKYWAY CONCESSION COMPANY
Related Contracts
More from Chicago Metropolitan Agency for Planning
Chicago Metropolitan Agency for Planning Policy Brief December 2025
Chicago Metropolitan Agency for Planning Policy Brief December 2025
Chicago Metropolitan Agency for Planning Policy Brief December 2025
Chicago Metropolitan Agency for Planning Policy Brief December 2025
Chicago Metropolitan Agency for Planning Policy Brief December 2025
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.